CAPITAL GAIN ON SALE OF AGRICULTURE LAND

Pawan Singhal (chartered accountant) (655 Points)

14 March 2011  

IF I SOLD AGRICULTURE LAND AND INVEST IN RESIDENTIAL HOUSE THEN CAPITAL GAIN EXEMPTION WILL BE AVAILABLE TO ME.

BUT IF I HAVE ALREADY A OWNER OF COMMERCIAL PROPERTY THEN  WILL CAPITAL GAIN EXEMPTION  BE AVAILABLE IN THIS SECTION .

AND HOW WE  WILL CERTIFY THAT PROPERTY IS BEYOND 8 KM OF MUNCIPLETY AREA.